$AMZN Cracks Once AgainIt should be no surprise that after massive gains such as we have seen lately, stocks tend to retrace 60-70% or more back to the origin from whence they came.
This is largely due to the Market Maker "Making a Market" for everyone to play in, but mostly so they don't loose any money.
The Tech space in general and Especially names like NASDAQ:TSLA , NASDAQ:AMZN , and NASDAQ:NVDA are flashing warning signs. A Major pullback event is coming.
Likely the second wave down to our first tariff wave seen earlier in march.
The CCI is rejecting on the High time frame, along with a rather lartge Head and Shoulders Pattern forming.
Some may call it a Double Bottom. Truth be told it's not fat a booty unless it worth slapping, and at these prices, she's all dried up.
Target 119 to close the Weekly box then accumulate with caution.
